Replace Your Income with Options cover image

The Tao of Trading-Simon Ree: A Simple and Engaging Approach to Options Trading

Replace Your Income with Options

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How to Trade Asymmetrically

Asymmetric payoff. Does that mean like a hockey stick chart? That's kind of like what that is when you see the stick and it's going straight up. Options are renowned for payoff diagrams, which can get a little bit complicated. But all it means is if you spend $500 on an option on Google, for example, and that gives you control, you're basically renting 100 shares of Google for say 30 days. The most you can lose is that $500; the most you can make is unlimited.

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